Platelet Rich Plasma Market Scope and Upcoming Opportunity Analysis till the end of 2022
In a recent business intelligence study, FactMR presents the nitty-gritty of the global platelet rich plasma market considering 2012-2016 as the historic year and 2017–2022 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting platelet rich plasma market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The platelet rich plasma market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
The platelet rich plasma market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing platelet rich plasma?
- How does the global platelet rich plasma market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2022?
- What innovative products are being introduced by the players in the global platelet rich plasma market?
Platelet-rich plasma has got many applications in the healthcare industry, especially in areas such as orthopedic surgeries, treatment of sports injuries and treatment of neurological diseases, amongst others. In platelet-rich plasma therapy, a platelet-rich gel is used in which the concentration of platelets is much higher, more than four to eight times higher than the concentration of normal blood platelets. Besides these applications, the platelet-rich plasma therapy is also finding new applications in treatment of medical conditions such as erectile dysfunction, and in the facelift surgeries. As platelet-rich plasma is derived from blood plasma along with several other growth factors, it facilitates a quick healing of bone tissues and other soft tissues.
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Such a wide variety of applications of platelet-rich plasma therapy is a key factor boosting its adoption all across the globe. However, the high costs involved in the platelet-rich plasma therapy may restrain the growth of this market during the forecast period. The global platelet rich plasma market is slated to touch a value of nearly US$ 391 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
4 Forecast Highlights on Global Platelet-rich Plasma Market
As per the forecast of Fact.MR, the pure platelet-rich plasma kits segment is slated to touch a value of nearly US$ 90 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The pure platelet-rich plasma kits segment is estimated to account for more than one-fourth of the revenue share of the product type segment by the year 2017 end and is expected to lose market share by the year 2022-end. As per the forecast of FactMR, the dermatology clinics segment will reach a value of nearly US$ 58 Mn in the year 2017.
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This represents a robust CAGR growth during the forecast period. The dermatology clinics segment is estimated to account for nearly one-fourth of the revenue share of the end user segment in the year 2017 end, and is expected to gain market share by the end of the year 2022. As per the forecast of Fact.MR, the orthopedic surgery segment is slated to reach a value of nearly US$ 151 Mn in 2022. The orthopedic surgery segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the North America region in the orthopedic surgery segment.
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